22 October 2016 Market Review
It was a generally an up trading week for the world’s major markets, albeit on the slim side for some.
The FTSE rose to 7020.5 on the close of the week to be up 0.1%. The Dax was up 1.2% for the week by closing at 10711. The CAC rose to 4536.1 to be up 1.5%% on the week.
The Dow closed the week at 18146 to be up slightly 0.04%. The Nasdaq composite index finished the week at 5257.4 to be up 0.11%.
The Nikkei 225 was up a good 2% for the week with a close of 17185.
The Yen enjoyed the best week of trading among the major currencies. The Dollar fell slightly against the Sterling 0.17% this week with a close of $1.2211. The Dollar gained against the Euro by closing at $1.0869 to be up 0.93%. The Dollar however fell against the Yen with a loss of 0.29% for the week by closing at 103.9.
The Euro fell versus the Yen 1.2% for the week with a close of 113. The Euro also lost against the Sterling by closing at 1.1235 to be down 1.1% on the week. The Euro fell against the CHF 0.48% with a close of 1.081 for the week.
Brent crude lost 1.8% for the week by closing at $51 per barrel. Gold rose 1.3% over the week with a close of $1265.6 per ounce.